Connect with us

News

Russia woos Tesla as several regions compete for the right to build a Gigafactory

Credit: @JasemAsh via Tesla Owners Wisconsin/Twitter

Published

4 years ago

on

Tesla may still be facing possible delays in Germany due to the wait for Gigafactory Berlin’s final approval, but the EV maker is already receiving a far more welcome landscape in Russia. This was hinted at by several Russian governors following Elon Musk’s recent comments. 

The Tesla CEO recently spoke at Russia’s New Knowledge Forum, where he discussed the company’s plans to enter the country. Musk noted that Tesla’s entry into Russia was imminent, and he reportedly remarked that the EV maker is also considering the country as the potential site of an upcoming facility. These comments promptly inspired a series of responses from numerous Russian officials, several of whom were intent on persuading Musk to set up a factory in their respective states. 

Vladislav Shapsha, the head of the Kaluga region, immediately posted an invitation to Tesla on his Telegram channel. In his message, Shapsha remarked that Kaluga is completely ready for such a project. “Elon Musk announced the appearance of Tesla production in Russia at the New Knowledge marathon. I propose to open the first plant in the Kaluga region. The region is fully prepared for this,” he wrote. 

Shapsha’s invitation soon found company, with Andrei Vorobyov, the governor of the Moscow region, also issuing an open invitation for Tesla and Elon Musk. Posting on Twitter–the Tesla CEO’s preferred platform for social media–the Moscow governor noted that his region would be the best place for a Tesla factory. Vorobyov noted that his region is already experienced with carmaking, especially since Mercedes-Benz already has a facility there. 

Advertisement

Not to be outdone, Alexander Brechalov, the head of the Udmurt Republic, posted an invitation on Twitter just minutes after the Moscow governor’s message. In his post, Brechalov noted that Tesla would be receiving tax breaks if the company decides to set up shop in Udmurt instead. He also stated that Tesla would be welcome in Udmurt, the “most entrepreneurial region in Russia. 

Advertisement

Yevgeny Kuyvashev, the governor of the Sverdlovsk Region, called the Titanium Valley, a special economic zone in the area, a preferable location for an electric vehicle factory. In a post on Instagram, the governor hinted that Tesla could reduce the cost of establishing a plant in the region by 30%. He also issued an invitation to Elon Musk to attend the Innoprom industrial exhibition in July. 

Other Russian officials who opted to not use social media also joined the fray, such as the authorities of the Kaliningrad region, who remarked that they are ready to host the production of Tesla’s electric cars. Dmitry Lyskov, the head of the press service of the regional government, noted that authorities are optimistic about the idea of Tesla setting up a facility in Kaliningrad. Lyskov further remarked that Tesla’s arrival in the region would likely result in more jobs for residents in the area. 

Advertisement

The governor of the Oryol (Eagle) Region Andrei Klychkov also issued a statement for the Tesla CEO. Using a bit of symbolism, the Oryol governor noted that the Eagle is a symbol of “fearlessness and a conquest of the peaks,” making it a perfect match for Tesla’s bold and ambitious philosophy. Klychkov also promised that Tesla would receive some “unique and exclusive officers” in logistics and infrastructure if it does establish a facility in the region. 

Don’t hesitate to contact us for news tips. Just send a message to tips@teslarati.com to give us a heads up.

Related Topics:

Simon is an experienced automotive reporter with a passion for electric cars and clean energy. Fascinated by the world envisioned by Elon Musk, he hopes to make it to Mars (at least as a tourist) someday. For stories or tips--or even to just say a simple hello--send a message to his email, simon@teslarati.com or his handle on X, @ResidentSponge.

Advertisement
Comments

Investor's Corner

Tesla’s comfort level taking risks makes the stock a ‘must own,’ firm says

Published

2 hours ago

on

October 15, 2025

By

Credit: Tesla

Tesla (NASDAQ: TSLA) had coverage initiated on it by a new firm this week, and analysts said that the company’s comfort level with taking risks makes it a “must own” for investors.

Melius Research and analyst Rob Wertheimer initiated coverage of the stock this week with a $520 price target and a “Buy” rating. The price target is about 20 percent higher than the current trading price as shares closed at $435 on Wednesday, up 1.38 percent on the day.

Wertheimer said in the note to investors that introduced their opinion on Tesla shares that the company has a lot going for it, including a prowess in AI, domination in its automotive division, and an incredible expertise in manufacturing and supply chain.

He wrote:

“We see Tesla shares as a must-own. The disruptive force of AI will wreck multitrillion-dollar industries, starting with auto. Under Musk’s leadership, the company is comfortable taking risks. It has manufacturing scale and supply chain expertise that robotics startups possess more by proxy. It can rapidly improve and scale autonomy in driving, the first major manifestation of AI in the physical world.”

Advertisement

However, there were some drawbacks to the stock, according to Wertheimer, including its valuation, which he believes is “challenging” given its fundamentals. He said the $1 trillion market cap that the company represented was “guesswork,” and not necessarily something that could be outlined on paper.

This has been discussed by other analysts in the past, too. Yale School of Management Senior Associate Dean Jeff Sonnenfeld recently called Tesla the “biggest meme stock we’ve ever seen,” by stating:

“This is the biggest meme stock we’ve ever seen. Even at its peak, Amazon was nowhere near this level. The PE on this, well above 200, is just crazy. When you’ve got stocks like Nvidia, the price-earnings ratio is around 25 or 30, and Apple is maybe 35 or 36, Microsoft around the same. I mean, this is way out of line to be at a 220 PE. It’s crazy, and they’ve, I think, put a little too much emphasis on the magic wand of Musk.”

Additionally, J.P. Morgan’s Ryan Brinkman said:

“Tesla shares continue to strike us as having become completely divorced from the fundamentals.”

Advertisement

Some analysts covering Tesla have said they believe the stock is traded on narrative and not necessarily fundamentals.

Continue Reading

News

Tesla launches ‘Mad Max’ Full Self-Driving Speed Profile, its fastest yet

Published

8 hours ago

on

October 15, 2025

By

Credit: Teslarati

Tesla launched its fastest Full Self-Driving Speed Profile with the v14.1.2 Software Update on Wednesday, as “Mad Max” mode has overtaken “Hurry” as the most spirited travel option on FSD.

On Wednesday evening, Tesla’s Head of AI, Ashok Elluswamy, teased that the v14.1.2 Software Update would be released to those drivers in the Early Access Program (EAP). He said it was a “much-awaited feature.”

Tesla just teased something crazy with the next Full Self-Driving update

Many people, myself included, believed it would be the introduction of “Banish,” which would be a perfect complement to the Actually Smart Summon (ASS) suite, as it would find a parking spot and park itself after dropping you off at the front door of your destination.

However, Elluswamy’s post on X finished with two emojis: one a race car, the other being smoke behind the car.

Advertisement

On Wednesday night, we received the v14.1.2 software update to the new Model Y, which revealed that “Mad Max” mode was the new addition:

The release notes state that:

“Introduced new speed profile MAD MAX, which comes with higher speeds and more frequent lane changes than Hurry.”

It is pretty interesting that Tesla would introduce yet another speed profile that is even faster and more aggressive than “Hurry.” Personally, I’ve found Hurry to be realistic in terms of other drivers and their aggressiveness, speed of travel, and overall lane change behavior, especially on interstates.

Mad Max mode will be an interesting adjustment.

Advertisement

Tesla CEO Elon Musk first talked about Mad Max mode back in 2018 in posts on X, first mentioning the feature with the Tesla Semi:

Musk then teased Mad Max mode in 2019 with an early Autopilot update, stating that it would be an ideal option for aggressive traffic seen in places like Los Angeles. There was formerly a mode of the same name back in the late 2010s:

Now that it’s here, we’ll be testing it very soon and giving you a good idea of what to expect when it releases to others in the coming weeks.

Continue Reading

News

Tesla just teased something crazy with the next Full Self-Driving update

Published

9 hours ago

on

October 15, 2025

By

Credit: Tesla Europe & Middle East | X

Update 9:56 p.m. ET: We got it…

Tesla launches ‘Mad Max’ Full Self-Driving Speed Profile, its fastest yet

Tesla just teased something crazy with the next Full Self-Driving update, which will be released to Early Access Program (EAP) members today.

Tesla just recently released the v14 Full Self-Driving update, and it followed up just a few days later with v14.1.1.

The subsequent release helped refine a handful of things, especially an issue with stuttering at intersections and overall indecisiveness, but it was more of a smoothing over of the initial v14.1 Full Self-Driving release.

Advertisement

However, on Wednesday evening, Tesla’s Head of AI, Ashok Elluswamy, said that the company would be releasing v14.1.2 to EAP members today, and that it would “debut a much-awaited feature.”

He followed that up with a racecar emoji and a smoke emoji, potentially hinting toward something speed-related. However, it could mean something totally different.

Some suggested it was potentially a new Speed Profile that could rank above the “Hurry” option, but that seems unnecessary. As far as other features that have been teased, one that definitely comes to mind is the “Banish” feature that was recently teased by CEO Elon Musk.

Advertisement

Banish is essentially the finishing touch to Tesla’s Actually Smart Summon (ASS), which launched earlier this year.

While ASS will bring your car to your location using the Tesla app on your phone, Banish does just the opposite by dropping you off at the door of your destination and finding a parking spot on its own.

Elon Musk teases ‘Banish’ feature to pair perfectly with Summon

This was recently teased by Musk yet again, as he said earlier this month that Full Self-Driving would be capable of it very soon.

Based on what we’ve seen out of v14.1 and v14.1.1, there is some potential that Banish could be released and could be the feature that Elluswamy is hinting toward, although there is no direct evidence of that.

Advertisement

Luckily, I was able to get into the EAP, so as the feature is released and the Release Notes are available, we’ll be able to report on exactly what feature is on the way.

Continue Reading

Trending